Energy transition

TRC showcases end-to-end solutions for the energy transition at DISTRIBUTECH 2024

Retrieved on:

Wednesday, February 21, 2024

Acquisition, Engineering, Electricity, Ageing, IGS, TRC, Public utility, Energy transition, OT, Policy, GIS, EnerSys, Renewable energy

WINDSOR, Conn., Feb. 21, 2024 /PRNewswire-PRWeb/ -- TRC Companies, Inc. (TRC), a global professional services firm providing integrated strategy, consulting, engineering and applied technologies in support of the Energy Transition, is exhibiting at DISTRIBUTECH International 2024, the world's largest event for the transmission and distribution industry. DISTRIBUTECH will take place Feb. 26 to Feb. 29, 2024, in Orlando.

Key Points:

WINDSOR, Conn., Feb. 21, 2024 /PRNewswire-PRWeb/ -- TRC Companies, Inc. (TRC), a global professional services firm providing integrated strategy, consulting, engineering and applied technologies in support of the Energy Transition, is exhibiting at DISTRIBUTECH International 2024, the world's largest event for the transmission and distribution industry.
DISTRIBUTECH will take place Feb. 26 to Feb. 29, 2024, in Orlando.
"TRC creates breakthrough solutions that navigate and adapt to complex industry changes while delivering safe, reliable service to customers," says Ed Myszka, President of TRC's Power Sector.
TRC is unveiling its refreshed brand with a focus on how the company is #PoweringTheShift to deliver agility, fortitude and peace-of-mind to utilities addressing the energy transition and changing landscapes.

Washington D.C. to Showcase African Energy Opportunities to U.S Investors at the 9th Powering Africa Summit (PAS24) this March

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Wednesday, February 21, 2024

Partnership, Mayflower Hotel, Government, Marathon Digital, IMF, Energy transition, Exim Bank, Private sector, Ecosystem, Policy, Electricity, ABSA, EXIM, International Monetary Fund, Cairns Group, ACWA Power, Investment, Renewable energy

LONDON, Feb. 21, 2024 /PRNewswire/ -- Government stakeholders, institutional investors, private financiers, service, and technology providers from across the U.S. will meet in Washington D.C. this March to explore new opportunities on the continent. They will unite with ministers and government participants from over 15 African countries, under the summit's theme: Capital Flows Underpinning the Energy Transition.

Key Points:

They will unite with ministers and government participants from over 15 African countries, under the summit's theme: Capital Flows Underpinning the Energy Transition.
Ministers and government officials from across Africa will be seeking investment for their energy projects.
U.S.-based investors, meanwhile, will be exposed to new opportunities across Africa, ensuring the continent receives the right level and model of finance needed for those projects.
Summit sponsor and PAS24 co-host, Power Africa will help to drive much of the collaborative discussion.

Abraham Lincoln Capital Airport Awarded Airport Business 2024 Projects of the Year - Sustainability

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Wednesday, February 14, 2024

Stellar, EV, StandardAero, Allegiant, Delta Air Lines, Carbon footprint, Breeze Airways, Aviation, Illinois Army National Guard, Airport, KSPI, Projection, Energy transition, IDOT, Electricity, Financial management, Transport, Renewable energy

Springfield, IL, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Springfield, IL – February 14, 2024 - In a monumental recognition of its innovative strides in sustainability and economic efficiency, Abraham Lincoln Capital Airport (KSPI), in collaboration with energy and sustainability leader Veregy, is honored to announce its selection as the Airport Business 2024 Projects of the Year – Sustainability.

Key Points:

Springfield, IL, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Springfield, IL – February 14, 2024 - In a monumental recognition of its innovative strides in sustainability and economic efficiency, Abraham Lincoln Capital Airport (KSPI), in collaboration with energy and sustainability leader Veregy, is honored to announce its selection as the Airport Business 2024 Projects of the Year – Sustainability.
The Airport Business 2024 Projects of the Year – Sustainability award is a testament to Abraham Lincoln Capital Airport's commitment to pioneering environmental practices and operational excellence.
The selection of Abraham Lincoln Capital Airport as the Airport Business 2024 Projects of the Year – Sustainability underscores its exceptional achievements in sustainability and financial management.
Abraham Lincoln Capital Airport was named the 2020 Primary Airport of the Year by the Illinois Department of Transportation.

Norsk Hydro: Changing the aluminium game - Strengthening position in challenging markets

Retrieved on:

Wednesday, February 14, 2024

All business areas, except Bauxite & Alumina, delivered returns above their cost of capital in challenging markets during 2023.

Key Points:

All business areas, except Bauxite & Alumina, delivered returns above their cost of capital in challenging markets during 2023.
At the same time, lower trailer build rates in North America have started to negatively impact demand in the transport segment.
A weakening extrusion ingot market is further putting pressure on product premiums and several remelters are faced with negative margins, consequently.
The transactions enable capital reallocation into strategic growth areas, strengthening Hydro’s earnings resilience in a rapidly changing global landscape.

Gas price shocks and euro area inflation

Retrieved on:

Tuesday, February 13, 2024

Transfer, Person, Marques, OPEC, Interval (mathematics), Policy, NBER, Research Papers in Economics, The Economic Journal, Danmarks Nationalbank, Socialism, Energy transition, VIX, Canadian International Council, Paper, E30, Great, Macroeconomics, VAR, Central bank, Balke, Quarterly Journal, Q43, Census, Elasticity, USD, Projection, PMI, Social science, Hou, Bank of France, Topa, Fertilizer, Electricity, SSRN, University, A.5, Section 2, Natural gas, COVID-19, Swings, Overalls, Rotation, Journal of Monetary Economics, Harmonization, Title Transfer Facility, Pain, Ferrari, Uncertainty, Statistics, Medical classification, C50, Harper (publisher), Democracy, Shock, IMF, TTF, Fed, PPI, Power, European Central Bank, Monetary economics, Temperature, Section 3, E31, Nature, Food, Local, Joseph Schumpeter, Website, Energy economics, Speech, DeSantis, GDP, Rigidity, BVAR, Confidence interval, Money, Refinitiv, Bank, Baumeister, Pressure, Oil, Deutsche Bundesbank, International Energy Agency, Employment, Section 4, GIZ, C54, Sun, ECB, European Economic Association, Weather, A.9, Quarterly Journal of Economics, Exercise, HICP, Technical report, Attention, Literature, Journal of Applied Econometrics, Reproduction, International economics, Political economy, Absorption, Joseph Stiglitz, Unemployment, Journal, American Economic Review, Index, Section 5, Business, IP, Bachmann, Research, Federal Reserve Bank, Government, PDF, IWH, Complexity, Failure, Energy Information Administration, Explosive

We document

Key Points:

We document
how gas price fluctuations have a heterogeneous pass-through to euro area prices
depending on the underlying shock driving them.
How do gas price shocks feed through to euro area
inflation, and is the pass-through shock-dependent?
We analyse the importance of gas price shocks
for euro area inflation in two steps.
We identify three structural shocks driving European gas prices,
inspired by the literature on oil but tailored to the European gas market: (i) a gas supply
shock, which reduces the supply of natural gas to the European market, increases the
gas price and lowers gas inventories; (ii) an economic activity shock, which lifts demand
for gas due to higher economic production, and finally (iii) a shock to gas inventories,
when gas prices are driven by precautionary demand by gas companies.
First, all three identified shocks are
important drivers of gas price dynamics, but they differ in how persistently they push
ECB Working Paper Series No 2905

2

up gas prices.
The effect on euro area HICP of a shock to gas supply is more
persistent and somewhat higher than when gas prices are driven by economic activity
shocks.
A final key finding is that the pass-through of gas market shocks to euro area inflation
appears non-linear.
The unprecedented volatility of gas prices
contributed to the inflation problem in the euro area, with the gas price shocks feeding
through producer prices, wages and persistently lifting core inflation.
More expensive
energy contributed substantially to the rise in inflation in Europe during 2022.2
Figure 1: Gas price and euro area Harmonized Index of Consumer Prices.
How do gas price shocks feed through to euro area
inflation, and is the pass-through shock-dependent?
For instance, about 75% of gas imports to the euro area arrives
through pipelines, making gas imports difficult to substitute and gas markets subject to
3
See for example the evidence by Rubaszek and Uddin (2020) for the US economy.
We analyse the importance of gas price shocks for
euro area inflation in two steps.
We identify three structural shocks driving European gas prices,
inspired by the literature on oil but tailored to the European gas market: (i) a gas supply
shock, which reduces the supply of natural gas to the European market, increases the
gas price and lowers gas inventories; (ii) an economic activity shock, which lifts demand
for gas due to higher economic production, and finally (iii) a shock to gas inventories,
when gas prices are driven by precautionary demand by gas companies.
First, all three identified shocks are
important drivers of gas price dynamics, but they differ in how persistently they push
up gas prices.
But when gas prices are driven by
inventory demand shocks, the price effect typically dies out within one quarter.
A final key finding is that the pass-through of gas market shocks to euro area inflation appears non-linear.
The unprecedented volatility of gas prices
contributed to the inflation problem in the euro area, with the gas price shocks feeding
through producer prices, wages and persistently lifting core inflation.
(2022) and Alessandri and Gazzani (2023) identify gas supply shocks using VAR models,
finding that gas price shocks lead to persistent increases in headline inflation.14 Ba?bura
et al.
(2023) find positive effects of gas price shocks on core inflation in a BVAR for
the euro area that includes one type of gas shock along a longer list of macroeconomic
shocks.
3.1
Data

For the gas market BVAR model, we use gas quantities, gas prices, gas inventories and
euro area industrial production, as displayed in Figure 2.
(2015) to optimize
ECB Working Paper Series No 2905

13

the posterior distribution.16 The vector Y includes the European gas quantity proxy, gas
inventories, the European gas price benchmark and euro area industrial production.
As demand for gas increases, the gas price also rises
while inventories fall as agents use gas in storage to partially satisfy higher demand.
Shocks to gas
quantities driven by gas supply or inventory shocks tend to revert to pre-shock levels after
around five to seven months, while economic activity shocks lead to a more long-lived
increase in gas demand.19 Dynamics in gas inventories are more similar across shocks.
3.4
Historical events in the European gas market

Before analysing the transmission of the different types of gas shocks to euro area prices,
we show how the model interprets the unprecedented gas price rise in 2022 in terms of
driving factors, and compare it with previous historical episodes of heightened gas price
volatility as a way of validating the model.
Inventory shocks play a
slightly smaller role, accounting for 17% of gas quantity and 23% of gas price fluctuations
while the residual component (i.e.
4
Pass-through of gas price shocks to consumer prices

The pass-through of gas price shocks to inflation is likely to be multi-faceted.
We first consider four outcome variables y: the European gas price, euro area HICP,
core HICP and energy HICP.
Third, depending on the driving factor, gas price increases can pass through to core
inflation in the euro area.
The results underline that gas price shocks can have important implications for inflation in the euro area ? depending on the driving factor of higher gas prices.
Casoli, C., Manera, M., and Valenti, D. ?Energy shocks in the euro area: disentangling
the pass-through from oil and gas prices to inflation?.

MHI and Worley Awarded FEED Contract for UK's First CO2 Capture Plant at a Cement Production Facility

Retrieved on:

Tuesday, February 6, 2024

- It will capture and store up to 800,000 tons of CO2 annually from the cement plant flue gas by applying proprietary CO2 capture technology.

Key Points:

- It will capture and store up to 800,000 tons of CO2 annually from the cement plant flue gas by applying proprietary CO2 capture technology.
This contract has been awarded in accordance with the progress made by the Padeswood CCS (carbon capture and storage) project planned for the site.
MHI was selected after working on the initial competitive Pre-FEED* project study awarded in 2022.
The CO2 capture plant could start operation in 2028.

Cipher Neutron Appoints Dr. Bruno Pollet to its Advisory Board

Retrieved on:

Wednesday, January 31, 2024

Canadian company Cipher Neutron Inc. (“Cipher Neutron” or “CN”) is very pleased to announce that it has appointed the renowned Dr. Bruno Pollet to its Advisory Board.

Key Points:

Canadian company Cipher Neutron Inc. (“Cipher Neutron” or “CN”) is very pleased to announce that it has appointed the renowned Dr. Bruno Pollet to its Advisory Board.
Dr. Bruno Pollet is a member of the Council of Engineers for the Energy Transition (CEET): An Independent Advisory Council to the United Nations’ Secretary-General, and a CEET Hydrogen Task Force leader.
Dr. Bruno G. Pollet, PhD in Physical Chemistry in the field of Electrochemistry and Advisory Board member of Cipher Neutron stated, “In Canada and abroad, Cipher Neutron’s AEM Electrolyser Technology is a hydrogen industry accomplishment to be very proud of.
I look forward to applying my years of experience as an advisor to the great team at Cipher Neutron.”
Gurjant Randhawa, M.Eng., P.Eng., President and CEO of Cipher Neutron, stated, “Cipher Neutron is very pleased to welcome Dr. Pollet to its growing Advisory Board.

AIMCo Outlines Approach to Climate Investing

Retrieved on:

Thursday, February 1, 2024

Investment, Resource, Climate, Energy transition, Alberta Investment Management Corporation, AB, Climate change, Infrastructure, Carbon, Renewable energy

EDMONTON, AB, Feb. 1, 2024 /CNW/ - The Alberta Investment Management Corporation (AIMCo) today outlined its approach to climate investing.

Key Points:

EDMONTON, AB, Feb. 1, 2024 /CNW/ - The Alberta Investment Management Corporation (AIMCo) today outlined its approach to climate investing.
"AIMCo has been strategically evaluating climate change risks and opportunities for the last decade and the organization has a strong track record of making investments in the energy transition space," said Marlene Puffer, Chief Investment Officer, AIMCo.
"Our climate approach provides important transparency around how we consider climate in our investments and how we will, over the long run, help reduce emissions."
AIMCo's climate approach includes the introduction of a climate taxonomy that evaluates and classifies the energy transition readiness and carbon intensity of existing and new investments.

Quercus Delivers 26% Return to Bondholders through a Permitting Development Green Bond

Retrieved on:

Thursday, February 1, 2024

Climate, Watt, Investment, Sale, Energy transition, COVID, Solar energy, Construction, Renewable energy

LONDON, Feb. 1, 2024 /PRNewswire/ -- Quercus Real Assets Limited (Quercus), the London-based renewable specialist focused on international investments within the Energy Transition, issued the first permitting development green bond in 2021 through one of its Luxembourg affiliates. The bond reached its expiry date on January 13 when Quercus paid the profit participation coupon following two early capital repayments in the second semester of 2023.

Key Points:

Quercus pays profit participation coupon, following two early capital repayments, for the market first permitting development green bond.
LONDON, Feb. 1, 2024 /PRNewswire/ -- Quercus Real Assets Limited (Quercus), the London-based renewable specialist focused on international investments within the Energy Transition, issued the first permitting development green bond in 2021 through one of its Luxembourg affiliates.
The bond was issued with a view to invest in the permitting process of solar photovoltaic projects in Southern Europe.
Only those acquainted with both the renewables permitting development activity and the bond market can truly appreciate what a challenge we faced.

NEXTCHEM (MAIRE) AWARDED BY PAUL WURTH FOR LICENSING AND ENGINEERING DESIGN PACKAGE RELATED TO NX CPO TECHNOLOGY APPLIED FOR NORSK E-FUEL'S FIRST INDUSTRIAL SCALE E-FUEL PLANTS IN NORWAY

Retrieved on:

Wednesday, January 31, 2024

Polymer, Energy transition, NX, Carbon, Hydrogen, SMS, CO2, CPO, SAF, Engineering, Integration

This will be the first factory being developed by Norsk e-Fuel AS a Norwegian project developer backed by a strong shareholder group including among others Paul Wurth.

Key Points:

This will be the first factory being developed by Norsk e-Fuel AS a Norwegian project developer backed by a strong shareholder group including among others Paul Wurth.
NextChem Tech will apply its proprietary NX CPO technology, an advanced innovative process to produce synthesis gas via a controlled partial oxidation, through a very fast reaction.
When applied to synthetic fuel production, this versatile technology is contributing to improve carbon efficiency recovery yield.
MAIRE S.p.A. leads a technology and engineering group that develops and implements innovative solutions to enable the Energy Transition.